The Marcos administration’s planned expansion of "ayuda" or subsidy programs is one way of furthering the country’s economic turnaround, Marikina City 2nd district Rep. Stella Quimbo said Sunday, Nov. 13. Marikina City 2nd district Rep. Stella Quimbo (Ellson Quismorio/ MANILA BULLETIN) "We...
The country’s economic recovery is gaining traction with the better than expected growth seen in the third-quarter, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno said the 7.6 percent gross domestic product (GDP) in July to September reflected the “many good news...
Don't look now, but the peso depreciation these past few months actually had a positive impact on the Philippine economy. (Mari Gimenez/ Unsplash) The House of Representatives' resident economist, Albay 2nd district Rep. Joey Salceda, made this argument during a media briefing Thursday, Nov. 10 as...
The Philippine economy's 7.6 percent growth in the third quarter of the year shows that President Ferdinand "Bongbong" Marcos Jr.'s "silent efforts" in uplifting the pandemic-ravaged economy has begun to pay off. House Speaker Martin Romualdez (2nd from left) looks over at President Ferdinand...
A House leader said it's "no fluke" that the administration of President Ferdinand "Bongbong" Marcos Jr. was able to record its first economic growth from its first ever quarterly report. Albay 2nd district. Joey Salceda (left) and President Ferdinand "Bongbong" Marcos Jr. (MANILA BULLETIN) Albay...
The Philippine economic growth accelerated in the third quarter this year, which coincided with the first three months of the Marcos administration, despite surging consumer prices, depreciating peso and heightened uncertainty about the global economy. In a briefing on Thursday, Nov. 10,...
The economy grew better than initially estimated in the second-quarter of the year, given the strong contributions of construction, real-estate, and manufacturing sectors. The Philippine Statistics Authority (PSA) on Wednesday, Nov. 9, slightly raised upward its April to June economic growth, or...
A day after the House of Representatives resumed its session, the chamber approved on second reading three priority tax measures that is expected to generate P47 billion in additional revenues for the government. House of Representatives (File Photo/MANILA BULLETIN) On Tuesday, Nov. 8, lawmakers...
House Committee on Appropriations Chairman and Ako Bicol Party-list Rep. Zaldy Co foresees "improvements" in the country’s gross domestic product (GDP) during the latter part of the year, thanks to the easing of Covid-19 restrictions. Ako Bicol Party-list Rep. Zaldy Co addresses the House plenary...
Climate change poses a significant threat to the country’s development that would potentially result in higher economic and human costs particularly for the poor, the World Bank said. Souleymane Coulibaly, World Bank lead economist said climate shocks would negatively affect the country’s...
The World Bank raised its economic growth outlook for the Philippines despite the damage from the Typhoon Karding onslaught, which the government said would not take the country off track of its full-year goal. In the World Bank’s East Asia and Pacific October 2022 Economic Update, the...
The International Monetary Fund (IMF) has lowered its economic growth forecast for the Philippines due to unfavorable global economic condition. Cheng Hoon Lim, IMF mission head said the country’s economy, as measured by its gross domestic product (GDP), is seen to grow by 6.5 percent this year,...
